So Trump signs execective order to establish strategic bitcoin reserve.
1) Why would bitcoin price drop a little since the crypto summit last night. Shouldn't it have gone up?
2) Where do you see it heading in price from here?
3) Has Trump removed taxes yet from crypto when selling and/or tranferring from one crypto to another?
1. Bitcoin price is determined by many factors. A single event might not be able to increase the price. The market responded positively when he made the announcement. So we might not see the same move. The US tarriff war might be affecting the market.
2. Bitcoin price will increase before the end of the bear run. Hopefully, these tariff wars will soon end, and the global economy will recover.
3. There is a report that Trump is considering removing Capital Gains Tax on Bitcoin (BTC). Maybe it will happen very soon or in the future.